AmInvest Research Reports

Stocks on Radar - CCK Consolidated (7035)

AmInvest
Publish date: Thu, 25 Apr 2019, 09:44 AM
AmInvest
0 9,391
An official blog in I3investor to publish research reports provided by AmInvest research team.

All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx

Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com

Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)

CCK Consolidated retreated after failing to break above the resistance level of RM0.645. With an RSI above 50%, the uptrend momentum may resume if it crosses above the resistance level with higher trading volume. In this case, its short-term target price will be RM0.725 followed by RM0.80. Support is anticipated at RM0.57, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon rebound above RM0.645

Target: RM0.725, RM0.80 (time frame: 3-6 weeks)

Exit: RM0.57

Source: AmInvest Research - 25 Apr 2019

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment